The IMF and Sri Lanka have reached a staff-level agreement under the Extended Fund Facility’s fifth review, granting access to ~$347 million upon board approval.
The IMF praised Sri Lanka’s strong reform progress, citing 4.8 per cent GDP growth, 1.5 per cent inflation, and $6.1 billion in reserves.
It urged continued fiscal discipline, governance reforms, and completion of debt restructuring.
The IMF praised Sri Lanka’s strong reform progress, citing 4.8 per cent GDP growth, 1.5 per cent inflation, and $6.1 billion in reserves.
It urged continued fiscal discipline, governance reforms, and completion of debt restructuring.
